Seller Financing Available

Asking Price:

$1,250,000

Gross Income:

$1,659,075

Cash Flow:

$696,142

FF&E:

$50,000.00 *

Inventory:

N/A

Real Estate:

N/A

Year Established:

2008

Employees:

N/A

Business Types:

Restaurants
Other Eating & Drinking Places

* included in the asking price

Business Description

BTI 7867
The business model for this owner over the past several years has been to develop sushi restaurants within the San Francisco bay area build them up then sell them to corporations and individuals. The owner has developed a successful design and restaurant prototype that works well within the volatile restaurant market place. He trains his staff and helps to develop a menu with broad appeal for the seafood lover tastes. The company prides itself on delivering high quality seafood with clever applications and processes and operates from a 2,589 sq. foot retail facility located in an attractive new shopping center location with quality tenants that attract a high traffic flow to the area. These tenants are large major nationally known retail operations.
Sales for 2011 $1,659,075 SDE 2011 $ 696,142 Sales 1st Qtr 2012 $409,103 SDE 1ST Qtr 2012 $169,425
Base Rent $10,680 + NNN $1,848 Options: 2 each @ 5 years Security Deposit $10,416 Leased Space 2,589 sq ft
Employees: 16 Full Time Working Owners: 1 Full Time
Hours : Mon -Sun 11:00 - 10:00 Fri - Sat 11:00-11:30 Established 12/2008
Asking $1,250,000 Down $875,000 Seller Financed $375,000 Term 5 years Interest 3% Payment $6,738.26
Contact Farley Gouner Lic # 01271117 farley@business-team.com Ph: 408-385-0402 BTI 7867

Detailed Information

Facilities:

2,589 sq ft Base Rent $10,680 + NNN $1,848 Option2 each @ 5 years Security Deposit $10,416

Financing:

Seller Note $375,000 for 5 years Interest 3% @$6,738.26

Support/Training:

2 weeks for 40 hours per week

Reason Selling:

Build other locations